Traders Weighing Key May CPI, Housing Data

This transcript has been automatically generated and may not be 100% accurate.

... the the ... it's prestigious it's un this good morning Chris ... so ... listen better this morning as we get ... good use for key ... data points and focused on inflation one on the housing market ... consumer price index for May MEPs of the fraud impasse comprises the consumer space ... actually came in the headline number a little lower than expectations taking up one tenth of a percent last month versus expectations for two tents ... Easter fell will the more volatile in energy and food prices that was ... too tense percent right mind thinks additions ... takeaway inflation seems like it's pretty tame and a much under control as it has been prolonged time has been for awhile ... and what else ... as is the front housing starts actually Kindle that Lauren expectations is nine hundred and on any allies to ... nine hundred and forty one thousand has little or than expected net goings-on hero illegals April's number which was ... also lor so housing which had been granted to certain ups shown signs of flagging but the couple disappointing numbers back to back down from the housing sector ... right ... I'm so not importing thousands tone is an excellent for that but they nonetheless on ... its debts and concerns in because of course construction being the key driver to ... convince you are the key factors in ... the tub but for those numbers again an important forum costs of the meeting that on the way starting today all eyes on that the Federal Open Market Committee's meeting ... faces tomorrow ... what are people sign of that ... you know it you write absolutely focuses on the minds of every investor in every market watcher I think that I think the expectations of him getting so far are really that the Fed is is it has been a reiterate ... some of the ... thresholds that it set out earlier this year which is certain in a six in a half percent ... and when the target before it pulls back on interest rates and and also it and inflation number about two percent ... for not more not close those points and so I think people are deftly watching for this pulling back of ... any sign of Poindexter monthly asset purchase program but there are there is a lot of feeling that ... if the economy is is is is improving to a point where the Fed can people that on that might actually be bullish for stocks ... we've certainly had a ton of volatility ... in the stock market ... recently though as people sought a jockey ahead of these positions is the hundred the five consecutive days for the Dow Jones industrial average has has finished a hundred percent either high ... hundred points either higher or lower ... um so I mean ... in any soda signaling is in a move the marker read on ... a thin meeting is to be one for markets for this it's it's it's an honor it uses to cook the sausage business prospered and don't bet on buying will of course have ... full coverage of the most reliable that ... tomorrow ... this or about three stocks are three stocks to watch and yet we don't blow ... eyes are on Sony overnight in Tokyo active that we get some share activism on hedge fund manager David Daniel Loeb ... announcing he's he owns an ETF that more shares ... he owns about seven percent the company he's the sort of advocating that ... Sony spin off its entertainment division so in Tokyo that the stock moved about foreigner half percent higher than here in us ... to move up three percent so so some some bullishness around Sony ... another one watching two earnings reports after the close first ... Adobe ... I ... that sucks up about fourteen percent looking for direction ... and it is the key there is whether or not the company is ... is able to ALM transition some free users to its online creative tools for the giving them too ... it's actually converting paid subscriptions that there is evidence of that last quarter and so that's can it be ... that the structures of London there ... are images of ... what else to have ... the lazy boy lazy boy constraints ... upon ... their Conoco classic American icon actually shares a battered you are doing incredibly well I think tried to tuck into housing and people search for senior law assuming the vial easy going person you buy ... in over thirty percent say they have a ... really good retail showing in the last quarter so people can be looking to see the continues ... at the end of the ... piano the clothes that I got this extra knots